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Chris Stirewalt

Obama risks it all for tax hikes

Not only would the additional payments by those families making more than $250,000 and individuals making more than $200,000 be a relatively small sum – something like one week of federal spending next year – but the president is turning down proposals that would provide similar revenues by closing loopholes.

For Obama, this is in part about principle. He believes income inequality is a huge problem facing the nation. The president also seemingly believes that by knocking down the income of the top 2 percent of earners by an estimated average of $36,000 per household, and then taking that money and spending it on government programs aimed at lower-income Americans, it will help narrow the gap between the rich and the middle class. …

But again, the president is rejecting plans that would provide similar reductions in net income for top earners, so he pretty obviously isn’t as concerned that this particular deal comports with his goal of wealth redistribution.

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But again, the president is rejecting plans that would provide similar reductions in net income for top earners, so he pretty obviously isn’t as concerned that this particular deal comports with his goal of wealth redistribution.

It’s all about tax rates for him, as a showcase for his sense of fairness. “Mirror, mirror, on the wall, who’s the fairest of them all?”. “Why, you are, President Obama”.

He MUST have the tax rate hike, even if he can achieve the same thing through other means. What does that say about his motives? It scares me to contemplate.

It’s disgusting and immoral that the Leftists’ “solution” to income inequality is to steal money from one group of Americans who worked hard to you know, earn their money and then give it to someone who had absolutely nothing to do with earning it.

Actually,
If he gets his rate increase on the “rich” we will see a drop in receipts, I’m pretty certain. Look at what happened in Britain…millionaires left and receipts from their “income class” dropped.

Rich people hire smart people to help them do those kind of things. I know I was only six numbers away last week (ba-dum!) from hiring them myself.

But it has never been about more tax receipts…it is about his skewed belief in “fairness” or perhaps his implementation of class warfare as per Alinsky and Cloward-Piven.

He’s not risking squat, and he knows it. It’s the GOP that’ll be damned if it does, damned if it doesn’t.

This isn’t about solving income inequality, and it’s not about paying down the deficit. It’s about punishing the most successful with confiscatory tax policies in order to fund more stuff for the great unwashed, so that they become ever more reliant on gov’t (read: Dems).
This is all designed to consolidate and grow Democrat power.

Obama may not care, but doesn’t his party? He has consistently thrown them under the bus. They remember the shellacking of 2010 and must fear the same for 2014–didn’t 78 of them lose their jobs that year?

They won’t get the low info voters off the couch to vote for Dems this time.

It makes sense if you presume that Obama actually knows that credits and deductions are part of government spending. He doesn’t want to cut any spending at all, and wants to increase marginal tax rates as much as possible.

If he really believed that, he wouldn’t be showering wealth on leeches like Solyndra and he wouldn’t be doing the happy dance with people like Buffet, who by socialist terms, is a blood sucking capitalist vampire who buys and sells companies, but otherwise buries his money in Foundationland and generates donations to the likes of Obama

Buffet is the fourth richest man in the world according to Bloomberg. Buffet calls people making a fraction of what he makes ‘rich’, and he wants them to pay tax percentages which will leave him, in buying power, even more massively rich than the lesser rich. (lose ten percent of a million, and you are even less competitive with someone who loses 10 percent of 50 million)

If Obama was a real redistributionist, would he be awarding himself a 4 million dollar trip to Hawaii?

Obama is a destroyer of those he dislikes, which include the rich people who do not support him. This makes him more like the National Socialists of Nazi Germany

He and his wife despise the American system, and revel in the end of the order

IMHO his emotional empathy is with islam, not America, and it is seen in the way he has encouraged the muslim brotherhood, with a few tut-tuts over Israel. No conflict between islam and national socialism, but total conflict with the American Constitution. The guy does not exchange Christmas presents with his family (like an orthodox muslim), but takes a lot of presents from the Treasury to consolidate his power

He is acting on principle. The tax hikes are intended to hog tie his enemy, which is the America that stood above the loser socialist, facist, and islamist nations

I miss Jesse Helms, he would have called out this dog and pony show for the farce that it is. Jesse was Tea Party before Tea Party was cool, and NYT/WaPo and others hated and despised him fro it. In other words, he was a true man of integrity.

No risk here. If he can get Boehner to screw it up, he’ll have control of both houses by 2014, and can drive through whatever he wants with Reid’s simple majority rule. Get ready for the new improved single payer healthcare, green energy, and $10 a gallon gas.